Tuesday, June 17, 2014

These are the headlines on my Bloomberg for Annie's, the organic mac and cheese maker whose shares have fallen from unsustainable heights as the difficulties of running a public company while trying to meet the impatient quarterly targets of impatient quarterly-minded investors finally overcame the euphoria of a company that seemed to be in the right place at the right time. And this is one more reason why companies are leaving America.

For the record, I like the new CFO (who helped flag the filing deficiencies) and would not bet against the company mending its ways. Nor would I blame them for moving to Ireland to get the Pittsburgh Law Office of Alfred G. Yates, Jr, the Lifshitz & Miller Law Firm, Brower Piven, Levi & Korsinsky, LLP, the Former Louisiana Attorney General, Federman & Sherwood, Morgan & Morgan, Fauqi & Faruqi, Holzer & Holzer, Crosby Stills Nash & Young, Peter Paul & Mary, and even John Paul George & Ringo off their backs.JM